Another milestone event towards enlisting Nigeria Professional Football League (NPFL) clubs in the securities and exchange market has been scheduled for Tuesday, April 4 on Awolowo Road, Ikoyi.

At the event, eight of the clubs nominated at the last Annual General Meeting (AGM) of the League Management Company (LMC) for the pilot scheme would meet with financial, banking and legal advisors that were shortlisted following a recent Expression of Interest (EOI) call made by the LMC.

The clubs are Enyimba International, Kano Pillars, Rangers International and El-Kanemi Warriors. The others are MFM FC of Lagos, Wikki Tourists, Shooting Stars and Gombe United.

Eighteen leading issuing houses were shortlisted to act as advisors to the clubs following their expression of interest to participate in the process that will see a Nigerian football company listed for trading in the capital market.

The appointment of the advisers is pursuant to the Memorandum of Understanding signed by the LMC and NASD OTC Securities Exchange which has a lead objective of opening the NPFL clubs to the investment from the capital market and also reducing the government total ownership of some of the clubs.

Shehu Dikko, the LMC Chairman had a various fora remarked that professionalizing club management in line with standard business practices can only be achieved when private and corporate investment as well as community ownership is introduced in the ownership structure of the clubs.

About NPFL

The Nigeria Professional Football League (NPFL) is the elite League of Nigeria's Football Federation, embracing the 20 most competitive club sides in the country. Its existence dates back to 1990 when a law came into effect to introduce professional football in the country. Read More